After years of trying to work out a loan modification with his lender unsuccessfully, this Meriden, CT homeowner decided the only way to avoid foreclosure and move forward was with a short sale on his Greentree FHA Mortgage.
REID REAL ESTATE GROUP APPROACH:
As the state's leading short sale experts, here at Reid Real Estate Group we have plenty of experience working FHA short sales and with Greentree. All sellers with FHA backed loans regardless of lender will have to meet the guidelines FHA has set for acceptance into their PFS (Pre-Foreclosure Sale) program. FHA short sales generally tend to follow the same predictable process although the experience certainly varies by servicer!
It took 3 months and…